IDBI Mangalore Dakshin Kannad Karnataka MICR CODE

Find MICR Codes for IDBI Mangalore Dakshin Kannad Karnataka

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MICR Code	575295002
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	The Mangalore Co Operative Town Bank Limited
Contact	2429330
Bank Details	Idbi Bank Ltd The Mangalore Co Operative Town Bank Limited IBKL0078MCT

Location	Mangalore, Dakshin Kannad
City	Mangalore
District	Dakshin Kannad
State	Karnataka
Pincode	575001
Country	IN
Address	Head office car street,mangalore 575001

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

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The Mangalore Co Operative Town Bank Limited (575295002)

How does MICR code 575295002 for The Mangalore Co Operative Town Bank Limited branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 575295002 of IDBI Bank, The Mangalore Co Operative Town Bank Limited branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for The Mangalore Co Operative Town Bank Limited branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Idbi Bank Ltd are available with micr code -

>>Kodialbail Mangalore >>Mahalakshmi Co Operative Bank Ltd Udupi >>Mahalakshmi Co Operative Bank Ltd Udupi >>Sri Bhagavathi Co Operative Bank Ltd >>Sri Gokarnath Cooperative Bank Limited >>Teachers Co Operative Bank Ltd. >>The Mangalore Co Operative Town Bank Limited >>The South Canara District Central Co Operative Bank

MICR code for IDBI The Mangalore Co Operative Town Bank Limited

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for The Mangalore Co Operative Town Bank Limited is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 575295002 is the MICR code of IDBI for The Mangalore Co Operative Town Bank Limited branch. MICR code for The Mangalore Co Operative Town Bank Limited branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for IDBI Bank The Mangalore Co Operative Town Bank Limited is presented in the table alongside.

Use of IDBI Bank MICR code for The Mangalore Co Operative Town Bank Limited branch in mangalore

The MICR code 575295002 is used in RBI cheque clearing process to identify the branch The Mangalore Co Operative Town Bank Limited and IDBI Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of IDBI is typically in either of these two font’s: E-138 and CMC-7.

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